Economy

Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition.

The city council’s…

Privately-owned Internet service provider AsiaTech, inaugurated a national data center in western Tehran on Saturday.

The center, located at the base of Tehran’s iconic Milad Tower, will…

Flat steel import prices continued to move up in Iran over the past seven days, in line with the positive trend in the global market.

Exports of iron ore will be halted by the end of the next fiscal year (March 20, 2019), a deputy minister of industries, mining and trade announced.

The euro gained against rial on Monday morning and hit a record. The high demand currency in Tehran’s market changed hands for 44,470 rials, which is the highest in the past three years. According…

The latest directive issued by the Central Bank of Iran obligating the conformity of banks to the International Financial Reporting Standards will not hinder lenders from holding annual general…

Iranian rent-to-own firms registered another improved year-on-year performance while their main lessees were people seeking to purchase cars, the secretary-general of the National Association of…

As a part of a non-oil export promotion package, the National Development Fund of Iran has allocated $500 million to the Export Development Bank of Iran for distribution among Iran's exporting…

The Central Bank of Iran is ready to provide a competitive environment when it comes to banks’ information technology, CBI’s governor announced at the inauguration ceremony for CBI’s newly-…

Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the…

Iranian truck-maker Saipa Diesel has signed a contract with Iran Road Maintenance and Transportation Organization, Iranian Fuel Conservation Company and Tose’e Ta’avon Bank on Saturday to replace…

Tehran Stock Exchange’s main index gained 508.30 points or 0.63% to end Saturday trade at 80,670.8.

About 903 million shares valued at $116.8 million changed hands for the day.

…

The government has purchased more than 173,000 tons of colza from local farmers so far this crop year, registering a 260% increase compared with the corresponding period of last year, the head of…

Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.

Less than 5 billion cubic meters of water are annually used in the cultivation of all of Iran’s exported agricultural products, a deputy agriculture minister said.

Cargo handling capacity in Iranian ports increased 17% during the administration of President Hassan Rouhani, the head of Iran Ports and Maritime Organization said, adding that port capacity…

Some 300,000 tons of dairy products were exported from Iran during the first three months of the current fiscal year (March 21-June 21), registering a 70% increase compared with the…

More than 22,150 tons of sheepskins worth 2.4 trillion rials ($63.57 million) were exported in the last Iranian year to March 20, 2017.

The main export destinations included Italy, Germany…

Track-laying for a railroad connecting the western provincial capital of Kermanshah to Iran’s national rail network will become operational in early August. The Forouzan-Kermanshah route is the…

Since the end of the Iran-Iraq War in 1988, Iran’s development policies and investment plans have been formulated in five-year plans, with the first one starting in 1989 and the Iranian government…

Arya Diesel Motor, a dealer of Renault Trucks in Iran, has unveiled a new heavy-duty truck manufactured by the French company. During a ceremony this week, Arya Diesel officials presented Renault…

A delegation from Sernauto, the Spanish Automotive Equipment and Components Manufacturers Association is in Tehran to find new partners.

Sernauto officials visited the headquarters of Iran…

Leading car producer, Iran Khodro, has launched a new version of its car buying portal after the previous site went offline in recent weeks.

The new site called esale.ikco.ir allows users…

Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.

The model will be based on the C-HR –…

Audi is considering dismissing four management board members as a warning to CEO Rupert Stadler, following leaked information that the company knew it was cheating on emissions tests.